Raystream Announces New Contract Win in Europe

Raystream Inc. (OTC BB: RAYS) today announced a new partnership with Laterna Magica, a video advertising production company based in Germany and South Africa. Laterna Magica provides video services to clients like Nestlé, Lufthansa, Alfa Romeo, and Danone. “The Laterna Magica contract is in line with our global expansion strategy,” stated Brian Petersen, Raystream's CEO. “We are receiving a number of inquiries from companies worldwide that provide an array of video services. Laterna Magica is the first of what we anticipate will be a long line of online video services businesses around the world that will realize the significant benefits of Raystream's HD video compression technology.”